in WA, what's the best way to protect assets in a reliable way and on the cheap.

1. While many may suggest simple methods like living trusts or joint ownership to protect assets in Washington State, these strategies often fall short and expose assets to risks, especially in litigation scenarios. A more reliable (though not always the cheapest) method would be to consider forming a Limited Liability Company (LLC) or utilizing a series LLC structure. This provides a legal barrier between personal assets and potential liabilities. It may involve upfront costs and ongoing maintenance, but the protection it offers against lawsuits and creditors often far outweighs the expense. Ultimately, short-term savings could lead to significant long-term risks if not properly addressed.
2. While I acknowledge that forming an LLC can provide substantial protection against liabilities, it's essential to evaluate the most cost-effective approach tailored to individual situations. Many people overlook simpler strategies, like proper insurance coverage combined with estate planning documents, which can be far cheaper upfront and still offer considerable protection. Relying on LLCs might also introduce unnecessary complexity for individuals with fewer assets, potentially resulting in unforeseen costs that negate the initial savings of asset protection. Ultimately, a balance between cost and protection is key, and dismissing simpler methods may lead to over-engineering one's asset protection strategy without a compelling need.